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Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 6.01 percent. Selected operating data for the three divisions

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Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 6.01 percent. Selected operating data for the three divisions follow: Peak View Grand 306,000 200,000 40,000 1, 205,000 Sales revenue 343,000 $ 221,000 $ 115,000 34,000 Cost of goods sold Miscellaneous operating expenses Average invested assets 200,000 40,000 1,390,000 960,000 Required: 1. Compute the return on investment for each division. 2. Compute the residual income for each division. Complete this question by entering your answers in the tabs below. Required 2 Required 1 Compute the return on investment for each division. (Enter your ROI answers as a percentage rounded to t (i.e., 0.1234 should be entered as 12.34%.)) Grand Peak View Return on Investment

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